REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 27 SEPTEMBER 2023 |
FOR |
AMAZING GRAZING FOODS LTD |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 27 SEPTEMBER 2023 |
FOR |
AMAZING GRAZING FOODS LTD |
AMAZING GRAZING FOODS LTD (REGISTERED NUMBER: 08463456) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 27 SEPTEMBER 2023 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
AMAZING GRAZING FOODS LTD |
COMPANY INFORMATION |
FOR THE YEAR ENDED 27 SEPTEMBER 2023 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
4 Fenice Court |
Phoenix Business Park |
Eaton Socon |
St. Neots |
Cambridgeshire |
PE19 8EP |
AMAZING GRAZING FOODS LTD (REGISTERED NUMBER: 08463456) |
STATEMENT OF FINANCIAL POSITION |
27 SEPTEMBER 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
CURRENT ASSETS |
Stocks |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Share premium |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
AMAZING GRAZING FOODS LTD (REGISTERED NUMBER: 08463456) |
STATEMENT OF FINANCIAL POSITION - continued |
27 SEPTEMBER 2023 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
AMAZING GRAZING FOODS LTD (REGISTERED NUMBER: 08463456) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 27 SEPTEMBER 2023 |
1. | STATUTORY INFORMATION |
Amazing Grazing Foods Ltd is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Goodwill |
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, has been amortised evenly over its estimated useful life of five years. |
Tangible fixed assets |
Plant and machinery | - |
Computer equipment | - |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
AMAZING GRAZING FOODS LTD (REGISTERED NUMBER: 08463456) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 27 SEPTEMBER 2023 |
2. | ACCOUNTING POLICIES - continued |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 28 September 2022 |
and 27 September 2023 |
AMORTISATION |
At 28 September 2022 |
and 27 September 2023 |
NET BOOK VALUE |
At 27 September 2023 |
At 27 September 2022 |
5. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 28 September 2022 |
Disposals | ( |
) |
At 27 September 2023 |
DEPRECIATION |
At 28 September 2022 |
Charge for year |
Eliminated on disposal | ( |
) |
At 27 September 2023 |
NET BOOK VALUE |
At 27 September 2023 |
At 27 September 2022 |
AMAZING GRAZING FOODS LTD (REGISTERED NUMBER: 08463456) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 27 SEPTEMBER 2023 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade debtors |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
8. | OTHER FINANCIAL COMMITMENTS |
At the year end the company had given notice in respect of its lease commitment and this was due to cease on 31 December 2023. The commitment, being a 12 month rolling lease, was £1,520 per month. |
9. | RELATED PARTY DISCLOSURES |
K2B Limited |
A company which holds 13% of Amazing Grazing Foods Limited shareholding. Mr G Binns is also a director and shareholder of K2B Limited. Mr G Binns also holds 24% of Amazing Grazing Foods Limited. |
During the year the company sold goods and services to K2B Limited totalling £91,388 (2022 - £77,398). As at the year end the amount owing from K2B Limited is nil (2022 - nil). |
During the year the company purchased goods from K2B Limited totalling £3,233 (2022 - £5,956). At the year end nil (2022 - £40,000) was still outstanding and this is shown with trade creditors. |
As at the year end a loan of £30,000 (2022 - £30,000) was still outstanding to K2B Ltd and this is shown within other creditors. |
These transactions were carried out at an arms length basis and are repayable on demand. |
Directors |
At the year end there was a loan of £26,500 (2022 - £30,000) outstanding to Mr G Bowie and this is shown within other creditors. No interest has been charged on the loan and the amount is repayable on demand. |